I had the same mistake...
This problem occurs when you have or had another version of mysql installed.
Normaly you should be able to launch the winmysqladmin. Doesn't matter if it turns red...
Then right click on the traffic light and select "Remove the service"
Once it's done uninstall all your mysql stuff... reboot and reinstall it...
This should work...
If not just run regedit and delete every single key refering to mysql...
Delete the mysql directory and reinstall
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